Tight Yorkshireman
07 Aug 2017
Re: PMSL I certainly did chuckle at the quote in the RNS that mentioned how good an opportunity this was for shareholders to crystallise some cash for their shares! What a ridiculous thought for supposedly intelligent people, I can crystallise some cash for this share whenever I choose and even today would get more than the cash offer they've 'worked hard' to secure.
freedom-thirty5
05 Aug 2017
PMSL PMSL is certainly the correct acronym for this bid which is below the current sp.
Johnoooo
04 Aug 2017
Re: SOLD Congratulations and well done - you must be very happy. However, it is rather infradig and vulgar to go boasting about levels! You are probably the only one on this board who doesn't want them to go up to £7 now as that would be £27k down the swanny....not so clever!
DIE HARD 1
04 Aug 2017
SOLD GIVE IN AND SOLD AT £6 THIS MORNING, HAD OVER 160K SO HOPE WAS A GOOD MOV
Twistednik
04 Aug 2017
Re: Barclays 700p / 850p target, Invesco 660... Yes, bid feels way too cheap and the price action is indicating that also. Let's hope the institutions fight the good fight on behalf of the smaller shareholders.
Twistednik
04 Aug 2017
Paysafe nets financing to back £3B bid by CVC and Blackstone Credit Suisse, Jefferies, and Morgan Stanley are underwriting the debt financing to back CVC and Blackstone's £2.96 billion take-private offer for U.K. digital-payments specialist Paysafe, according to an announcement today.The recommended offer values the group at 590 pence per share, or 14 times EBITDA. Paysafe is based in the Isle of Man and has previously been focused on the online-gambling sector, though it recently expanded in the U.S. through the acquisition of Merchants Online. As part of the takeover, Paysafe has agreed to sell its merchant services business in Asia to Spectrum Global for roughly $308 million.The deal is the latest move from private equity in the payments industry. Worldpay, the U.K. payments group listed by Advent and Bain in 2015, has agreed to merge with Vantiv of the U.S. in a £9 billion deal. In a report yesterday, Sky News said a powerful shareholder group was seeking to amend the terms of the merger to secure either a higher takeover premium or a London listing of the combined firm.In July, Nordic Capital agreed to sell Swedish payment-services group Bambora to Ingenico in a €1.5 billion deal.Elsewhere, Advent and Bain listed Nordic payments firm Nets Holding in September last year, after carving the business out from a consortium of regional banks in 2014, while CVC exited its investment in Skrill, an online payments firm focused on the gambling industry, to Isle of Man-based Optimal Payments in 2015.
KEEPING CALM MIKE
04 Aug 2017
Re: Trades above 590 Todays announcement recommending the bid at £5.90 do not seem to have impacted on the share price ? Could there be a counter bid lurking ?? K.C.
oldernowiser
02 Aug 2017
Trades above 590 Lots of small trades today at 590.5 - what does this mean - surely the offer at the current price of 590 must fail?
WC1X
01 Aug 2017
Barclays 700p / 850p target, Invesco 660p target This is going higher. No way they will get 75% acceptances at 590p when the transaction increases the scale of the business in the USA and analysts value at 700-850p
freedom-thirty5
01 Aug 2017
Re: RNS's Looking at the form 8.3 RNSs, it is clear that some of the larger shareholders are selling into the recent rises, and I am now thinking that some, including Old Mutual might be trying to keep the SP from rising above 5.90, so they don't have to make a higher bid. It's all very tedious, this.
Tight Yorkshireman
31 Jul 2017
Re: RNS's It would be nice (obviously) to see the share price move beyond 600p in the next week or so. That price is easily justified even without the offer waiting in the wings, but surely it would force a revised increased offer. However I actually think this offer will hold the share price down.
freedom-thirty5
31 Jul 2017
Re: RNS's Hopefully, this offer will be revised upward or gazzumped, if not just withdrawn..
claude reins
28 Jul 2017
Re: RNS's I still havent had a response from the company management on whether the Board are recommending it. I guess the allusion in the RNS to the allowing them to see the books after pre-negotiations of a variety of presumably lower offers indicates that the Board think that the price is about what the Bidco will pay for it, at max. If so, why dont they come out and say so? I dont know.
Dragons teeth
28 Jul 2017
Re: sell or hold Paysafe is my latest holding too, but not anywhere near your amount and about 10% of a diversified retirement portfolio. I've held Paysafe since early Opay days and once I'd built a sizeable, for me, holding my plan was to sit and hold tight , maybe get dividends someday. I will hold and see what happens. If I have to take the current offer so be it, it's been a good run. If the offer fails, in my view the downside would be short to medium turn and the price would recover within my time scale. Another higher offer may be flushed out too. So I'll hold .
freedom-thirty5
27 Jul 2017
Re: RNS's > Do you think that the SP rising this morning in recent trades to near 590p means that the bid is likely to be too low?I think the bid is too low regardless of today's price, but at the end of the day the company is worth what somebody will pony up to acquire it.If you're asking whether the rise in share price will prompt a higher bid or a revised bid then any answer I could give would be one I simply made up.That said, it's fairly obvious that if the sp rises and stays above the offer price, then the offer cannot be in the best interests of shareholders. I am annoyed about the bid actually as it might well have pegged the price at 5.90.
